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Re: None

Monday, 04/29/2024 4:40:50 AM

Monday, April 29, 2024 4:40:50 AM

Post# of 4302
On 23-Apr-2024, they released 10-K Annual report and there are some interesting facts about their business.
Page 18 -
* During the last 4 months, since 31-Dec-2023 up to 19-Apr-2024, the number of full-time employees decreased from 1560 to 1135 (reduce of almost 25% of workforce) - It is difficult to say how negative or positive this reduction can be. Only time can judge them for it, but this kind of re-structuring very often signaling for positive changes.
Page 4 -
*As of April 16, 2024, the Company has delivered over 6,400 Oceans.
Unfortunately, we can't know about the numbers of vehicles sold during their shutdown; even so, they are signaling that some sells are happening.